We Study Billionaires - The Investor’s Podcast Network TIP768: Best Quality Stock Idea Q4 2025 w/ Clay Finck
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Nov 14, 2025 Discover why Interactive Brokers is Clay Finck's top stock pick for Q4 2025. Delve into Thomas Peterffy's inspiring journey from Hungary to revolutionizing brokerage services. Learn how IBKR leverages automation to maintain a competitive edge, achieving remarkable profit margins. Explore its ambitious plans to expand from 4 million to 20 million accounts, and why it's likened to a tech company. Lastly, examine key risks and growth expectations that investors should keep an eye on.
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Broker That Feels Like A Tech Company
- Interactive Brokers (IBKR) combines global market access with industry-low trading costs for sophisticated traders.
- Its account growth and margins make it resemble a scalable technology or SaaS business more than a commodity broker.
Use Personal Experience As Research Starting Point
- Consider using products you personally rely on as research leads, but always verify before investing.
- Clay used his own switch to IBKR as a research starting point, then dug deeper before buying shares.
Margin Levels That Surprise
- IBKR posts extraordinary margins: ~82% gross and ~75% pre-tax, rivaling Visa and Meta.
- Those margins reflect heavy automation and fixed-cost leverage across growing account volumes.
